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$SPLS and $ODP said they will begin their hearing in U.S District Court on Monday to get an approval for the merger of the two firms. The companies, in a letter to customers, said the Federal Trade Commission's actions to stop their merger is based on a "flawed analysis of the marketplace and a deep misunderstanding of the competitive landscape."
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.